Top Collector Cars to Buy (Part III)

Classic cars can be a bit pricey.

When the Dodge Viper was released in the early 90s, some collectors bought them as investments, thinking that the highly styled sports car with an incredibly potent 400 horsepower would absolutely appreciate in value. But you can pick up a 1993 Viper for under $40,000. 

They cost over $50,000 when brand new. These investors may have like showing off their cars and sometimes blasting down an open road. But with upkeep, inflation, insurance, storage, and opportunity costs, they most surely didn’t make any money.

The same thing happened years earlier when Cadillac stated in ads that the 1976 Eldorado would be the last convertible the brand made. It wasn’t. You can now get well-tended Eldorado convertibles from that vintage for under $25,000. They go for around $11,000 new, which is $47,000 adjusted for inflation.

Affordable Options? Not So Much…

One could argue that the Eldorado and American Viper are at the affordable end of the collectible spectrum, unlike the high-end ones that usually come from Europe. But the same doubt applies to the high-end market. In 1974, Ferrari sold the Dino 246 GT for over 14,000 and the 308 GT4 Dino at a considerably higher price of $22,000. The average price of a 1974 Ferrari 308 GT4 at around $50,000 and a 1974 Ferrari Dino 246 GTS at a clutch the pearls $417,000.

So, what are the best collectible cars? It’s hard to say ultimately. Tastes alter over time, private sales are hard to track, and the high end of the collector’s market centers on extraordinarily rare cars with varying histories. The list of sales that are confirmed to go over $30 million in inflation-adjusted dollars is very short though.

Getting the right financial advisor to assist you with your car collecting budget doesn’t have to be difficult. Every advisor is legally bound to work in your best interests.